CFA考試中的考試題學(xué)習(xí)的如何？考生報考CFA一級考試需要掌握4000多的知識點，備考CFA考試知識點后課后習(xí)題是一定要做的，考生備考CFA考試做題了嗎？一起看看CFA考試考試題！
An investor in a country with an original issue discount tax provision purchases a 20-year zero-coupon bond at a deep discount to par value. The investor plans to hold the bond until the maturity date. The investor will most likely report:
A. a capital gain at maturity.
B. a tax deduction in the year the bond is purchased.
C. taxable income from the bond every year until maturity.
解答：C is correct.
The original issue discount tax provision requires the investor to include a prorated portion of the original issue discount in his taxable income every tax year until maturity. The original issue discount is equal to the difference between the bond’s par value and its original issue price.
解題思路：
這里考的是零息債券的稅收處理方式。零息債券是折價發(fā)行的，因此債券面值大于債券價格。在original issue discount（OID）的稅收條款下，要求債券面值與價格之差分?jǐn)傇诟髌?，視作interest income，所以零息債券的持有人需繳納income tax。在債券到期時，因為面值與價格之差在之前各期攤銷完了，所以這樣的債券到期時沒有capital gain。
易錯點：
錯誤集中在A選項，說明學(xué)習(xí)時忽略了original issue discount tax provision這個知識點。這道題也可以當(dāng)作結(jié)論來記。
